Gurugram-based drone manufacturer InsideFPV has raised ₹2.75 crore (~$380,000) in a seed funding round led by Inflection Point Ventures. The round also saw participation from angel investors such as Abhishek Rungta, founder of Gofrugal, and Ashish Agarwal, former CEO of Pepperfry.
InsideFPV was founded in 2020 by Akshay Kathuria and Ayush Aggarwal. The company designs and manufactures plug-and-play FPV drones, which are used for racing, freestyle, and cinematography. InsideFPV’s drones are known for their high performance and ease of use.
The company will use the funds raised in this round to expand its product line, develop new features, and expand its sales and marketing efforts. InsideFPV also plans to use the funds to expand its team and hire more engineers and designers.
The FPV drone market is growing rapidly, as more and more people are using drones for racing, freestyle, and cinematography. InsideFPV is well-positioned to capitalize on this growth, as the company offers high-quality, easy-to-use drones at a competitive price.
With this funding, InsideFPV is well-positioned to become a leading player in the global FPV drone market. The company has a strong team with a clear vision for the future, and it is backed by a strong investor group. I am confident that InsideFPV will be successful in achieving its goals.